114 N Lexington Avenue, Asheville, NC

$3,000,000

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0.06

Acres

About 114 N Lexington Avenue

This historic & well-maintained building offers unparalleled exposure amidst the vibrant cityscape of Downtown Asheville. Well-positioned at the signalized intersection off I-240, this property offers interstate frontage from 2 major city streets. 7,042 SF with 3 floors of usable space, providing immediate potential for value-add income through multi-tenant occupancy. Lower level includes a retail area and a commercial kitchen with platform passenger lift and dumbwaiter accessing upper floors. Second level includes a restaurant with plenty of seating and entrances from two major streets. Upper level has a bar area with stunning views of both the mountains and the cityscape. There is dual stairwell access & possibility of division into two separate spaces. Strategically located on a destination street flanked by a diverse array of over 200 small businesses. Recent upgrades include a new roof in 2021 and new windows in 2023. Restaurant FF&E not included in sale but is negotiable.

Features of 114 N Lexington Avenue

MLS® # 4118249
Price $3,000,000
Bathrooms 0.00
Acres 0.06
Year Built 1926
Type Commercial Sale
Sub-Type Retail
Status Active

Community Information

Address 114 N Lexington Avenue
City Asheville
County Buncombe
State NC
Zip Code 28801

Amenities

Utilities Electricity Connected, Gas
Garages On Street, Parking Lot, Parking Space(s), Parking Space(s) (Off Site)
Is Waterfront No
Has Pool No

Interior

Heating Central, Zoned
Cooling Central Air, Zoned
Fireplace No
Has Basement No

Exterior

Lot Description Paved, Views, Other - See Remarks
Roof Flat
Construction Brick Full

Additional Information

Date Listed April 9th, 2024
Days on Market 40
Zoning CBD
Foreclosure No
Short Sale No

Listing Details

OfficeCarla & Company Real Estate Services

Listing Map

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